Possible Head and shoulder sell on GU. Today is important for the Pound with a government Autumn statement
Much depend on EU pair, Peter!
Actually - I might say it could be the other way round today - the GU is OB as well and today the worry is about the UK losing another of its rating -I think I might be keeping an eye on the GU more than normal today ;-))
Have a good day 1forex
Still looking for lower- but when there is a scalp buy as shown on this chart - you take it ;-)
See updated chart - last hour buys and sells - but under 6080 might change things ;-)
GU after European Open on the 6th - updated chart
Shoulder now broken above - so cancels H & S . I am glad I scalp as would have lost 27 pip profit - but instead took scalp buy so doubled up. Now time to review again to see if false ;-))
The market did not want traders to have a clean swing sell without a bigger stop. The movement today as been "classic " play and you can only win if you are committed to the direction of down on GU with big stops - or you scalp - I prefer to scalp ;-)
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